Mexus adds additional property to its portfolio

CARSON CITY, Nev., Jan. 17, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced that after careful deliberation the Company has determined to acquire the concessions comprising the San Felix Project. Mexus has entered into land surface use agreements and concession purchase agreements for various land parcels which expired under the prior owner’s failure to pay. The agreements require a cash payment with term payments to the respective owners. The Company also announces the execution of an agreement with MarMar Holdings Inc. whereby each company owns a 50% share of the San Felix Project and designates MarMar Holdings Inc. as the operator of the daily production activities.